Mumbai: The Indian markets wiped out its morning gains as HDFC Bank, Coal India and HDFC extended losses.
At 1.12 p.m., the BSE Sensex was trading up 45 points or 0.22 per cent at 20,704.47 while the NSE Nifty 50 was up 14 points or 0.23 per cent at 6,168.60.
Among the BSE sectoral indices, Bankex (-0.59%) and Realty (-0.09%) were down.
Healthcare (+1.40%), TECk (+0.99%), Capital Goods (+0.76%), FMCG (+0.73%) and IT (+0.64%) were the top 5 gainers.
Among the BSE Sensex 30, Bharti Airtel was rallied 4.47% to Rs 328.05; Cipla gained 2.86% to Rs 387.95; TCS added 1.92 per cent to Rs 2,055.95, Sun Pharma was up 1.69% at Rs 566.40 and Tata Power jumped 1.64% to Rs 90.10.
HDFC Bank slumped over 3.5 per cent and Coal India also extended its losses, falling nearly 3 per cent.
Bharti Airtel, Ranbaxy, Cipla, JP Associates and NMDC were the top five Nifty gainers.
HDFC Bank, Coal India, HDFC, NTPC and PowerGrid were the top losers.
The Indian markets had got off to a flying start on Tuesday on the back of positive global cues.
According to Equentis technical outlook market report, an eventful week including third installment of corporate advance tax payment, outcome of the ongoing winter session of the Parliament, outcome of the RBI’s mid-quarter monetary policy review and outcome of the two-day policy meeting of the FOMC will dictate near term trend on the domestic bourses.
“Investment activity of FIIs, trend of other global emerging markets and the movement of dollar-rupee pair will be closely watched,” the report added.